There's still a lot of money management to do once you have your mortgage. See what circumstances might change and how they might affect you.

Just because the closing is over doesn't mean you don't have to pay attention to your loan anymore. In this chapter, we'll explain what happens when your mortgage is sold to a servicer, why your monthly payment might change, the upsides and downsides of paying off your mortgage early, how to rid yourself of PMI, when you might consider refinancing and how to avoid foreclosure in the event that you can't make the mortgage payments.

Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.

Bankrate.com is an independent, advertising-supported publisher and comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on certain links posted on this website.